Insights into NB Private Equity Partners' Recent Share Buyback
Overview of NB Private Equity Partners' Share Buyback
NB Private Equity Partners ("NBPE" or the "Company") has formally announced significant steps in its share buyback program. This initiative came following the general authority granted by shareholders and a specific buy-back agreement with Jefferies International Limited, which has set the stage for this strategic financial maneuver.
Key Details of the Transaction
On the London Stock Exchange, the transaction took place on 24 February 2025. During this period, the Company successfully repurchased 11,530 Class A Shares. This buyback serves multiple purposes, including enhancing shareholder value and managing capital. The prices for these shares varied, with the highest paid being £15.74 and the lowest at £15.46.
As a result of this transaction, following the cancellation of the purchased shares, the total number of outstanding Class A Shares is now 46,040,810. The Company retains an additional 3,150,408 of Class A shares held in treasury. Investors and market participants should take note of the adjusted voting rights when considering their interest in the Company.
Implications for Shareholders
The cancellation of the repurchased shares is a strategic move to reduce the number of shares in circulation, which is beneficial for the remaining shareholders. Fewer outstanding shares can mean an increase in earnings per share and overall value for shareholders. This measure aligns with NBPE’s objective of maximizing shareholder value through prudent management of its equity structure.
About NB Private Equity Partners and Investment Strategy
NBPE is dedicated to private equity investments globally, collaborating with leading private equity firms to source and manage investments effectively. The Investment Manager, NB Alternatives Advisers LLC, prides itself on achieving superior fee efficiency by not charging management fees or carried interest from third-party General Partners (GPs). This approach positions NBPE to seek capital appreciation through net asset value growth over time while maintaining a bi-annual dividend policy.
Future Outlook
Looking ahead, NB Private Equity Partners aims to continue its focus on delivering strong returns to its shareholders. The firm remains committed to leveraging its partnership with experienced private equity firms to identify high-growth opportunities. This buyback initiative signifies confidence in its business model and the potential for value creation in the coming years.
Contact Information
For any inquiries or further information, interested parties can reach out to:
NBPE Investor Relations
+44 20 3214 9002
Luke Mason
Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications
+44 (0)20 3882 6644
Charles Gorman
Email: nbpe@kl-communications.com
Frequently Asked Questions
What is the purpose of the share buyback?
The share buyback aims to enhance shareholder value, reduce the number of outstanding shares, and potentially increase earnings per share.
How many shares were repurchased?
NBPE repurchased 11,530 Class A Shares on 24 February 2025.
What were the share purchase prices?
The highest price paid was £15.74, while the lowest was £15.46.
How will this affect current shareholders?
This move is expected to increase the value of remaining shares and improve metrics such as earnings per share.
Who manages the investments for NB Private Equity Partners?
Investments are managed by NB Alternatives Advisers LLC, a wholly owned subsidiary of Neuberger Berman Group LLC.
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